A report by finance experts at Begbies Traynor shows that only one of the country's top 42 clubs is in financial distress.

As the season nears its end, their figures reveal that almost all of the teams are prospering.

Things are looking up at the gates, too.

The number of fans showing up at the top flight grounds to support their teams has been up and down during the last few years, but it has now been revealed that they're at their highest in five years.

Attendances in Scottish football's top flight are on the up (Image: Getty)

Fans are flocking to see the likes of Celtic and Kilmarnock in action (Image: SNS Group)

In the season that Celtic cruised to the title under Brendan Rodgers , attendances in the Premiership have risen by 49%, to almost 14,000 on average which has been helped by Championship winners Rangers in the top flight.

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It's not such good news in the lower divisions, though, as there's been a fall of 44% in average gates in the Championship, a 42% drop in League One attendances, and a 4% fall in League Two crowds.

This comes after the promotions of Rangers and Dunfermline last season, which meant the Championship and League One lost two of their big-hitters.

Ken Pattullo, who leads Begbies Traynor in Scotland, explained how Rangers ' progress has benefited clubs across the board.

He said: “Attendances matter more to clubs in Scotland than England as the TV and sponsorship monies simply don’t compare.”

Ken Pattullo

“The impact of rising attendances on the finances of clubs here is having a stabilising effect, whereas in England that benefit can be dwarfed by other factors and we have seen a rise from one to four clubs facing problems.

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"The progress of Rangers through the lower leagues has helped smaller clubs to improve their finances too, with average gates temporarily swelling without the pressure to increase the wage bill that comes with promotion.

“Scottish clubs are managing their finances better and are less likely to face trouble which is great news, but we’re still losing out compared to the English clubs who see higher attendances in League Two than we typically get in the Championship.”